Raymond B. answered 03/31/21
Math, microeconomics or criminal justice
r'-c' = -6x+180- 12 = 0
6x = 168
x = 168/6 = 28
profit = r-c
take the derivative and set = 0, solve for x
Ryan N.
asked 03/31/21A company has a production cost function c(x)=12x+160 and a revenue function r(x)=-3x^2+180x when x units are sold. Find the number of units that produces maximum profit. Answer choices are:
less than 26
Between 26 and 29
between 29 and 32
between 32 and 35
more than 35
Raymond B. answered 03/31/21
Math, microeconomics or criminal justice
r'-c' = -6x+180- 12 = 0
6x = 168
x = 168/6 = 28
profit = r-c
take the derivative and set = 0, solve for x
Get a free answer to a quick problem.
Most questions answered within 4 hours.
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.